S&P 500 Futures ( ES1! ), H4 Potential for Bearish Momentum

2022년 9월 26일

Type: Bearish Momentum
Resistance: 3903.25
Pivot: 3698.75
Support: 3334.50

Preferred Case: On H4, with the price moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the pivot at 3698.75, which is in line with the 61.8% fibonacci projection and swing lows to the 1st support at 3334.50, where the 78.6% fibonacci projection and 100% fibonacci projection are.

Alternative scenario: Alternatively, the price may rise to the 1st resistance at 3903.25, where the 38.2% fibonacci retracement is.

Fundamentals: No major news